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Monday, May 22, 2006

Markets To Watch Today

Dollar: The Dollar fell this morning against the Euro and other majors amid speculation that US interest-rate hikes may be coming to an end. The Federal Reserve has raised interest rates 16 straight times, to its current rate of 5%. The June Dollar Index is currently trading at 84.46, down .27 this morning.

Indices: The major Indices are seeing declines this morning, as falling commodities prices seem to be pulling stocks lower. The recent decline in the equities marts is being fueled by sell-offs in the Metals and Energies. The June S&P is trading at 1260.50, down 10.80 this morning. The June Gold is trading at 654.00, down 3.50 this morning. The July Crude Oil is trading at 68.90, down 3.90 this morning.